Thursday, October 23, 2008

If it is short squeeze thursday then 888 will hold at 10:30am

overnight the Globex rallied right to 922 amazing and then fell back to 883 (which happens to be 78% of a rally from 972.50 to 922.5)

i went long at 885 and sold 893

then short at 904 and out at 900 for a quick 600 since 8:30am

still short 2 Nov 1125 from 6 going to 0 against 1 long Nove 1075 from 11 (already paid for) and short a DEC 1100 from 19 trying to by 5.xx

if yesterday's low was a wave 'd' of 4, then another quick pop back above 964 is headed our way

if yesterday's low as wave i or 5 of BIG A(since Oct 2007), then a 3 wave rally back towards 980 or 935 before we finally take out 800 on the S&P

DOW has support at 8300 and resistance at 8800(then 9000)

on the stock front EBS made a low early at $16.5ish yesterday and another low under that could be a spot to start rebuilding a position for the eventual run above 22

white powder found at banks and NY times has to put a spot light on the mnopoly producer of the only vaccine in the world


ASEI needs to close on volume over $59-60 and then we will see if $75 can be seen or even $100

ICXT trading around $8 needs to clear $9 on volume to add

ISYS tading around $20 needs to clear $22.25 on volume to add


(just bought 888 with stops under the 880 and profits at 897)

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